Scorpio Bulkers moving into offshore wind market

Scorpio Bulkers is set to move into the offshore wind market with it signing a Letter of Intent (LoI) for the construction of a wind turbine installation vessel, plus options, at Daewoo Shipbuilding and Marine Engineering (DSME).

In a marked shift towards the renewables market Scorpio has inked an LoI with DSME for a NG-16000X design GustoMSC design installation vessel with expected delivery in 2023.

The contract is expected to be signed in early Q4 2020 with a total cost in the $265m – $290m range. Scorpio has options for three more vessels.

Emanuele A. Lauro, chairman and ceo of Scorpio Bulkers said: “Scorpio Bulkers is embarking on a new and exciting journey.  The world urgently needs to reduce emissions and offshore wind will make a pivotal contribution.

“This strategic direction now aligns with our future customers, investors, finance providers and the growing momentum in global public policy.”

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